FULCRUM PREMIUM
FINANCE

WE ARE THE LARGEST INDEPENDENTLY OWNED, AND MOST TRUSTED, PROVIDER OF PREMIUM FINANCE WITHIN THE SOUTH AFRICAN MARKET PLACE.

Our funding mechanism, backed by an experienced team and advanced systems, enables corporate and commercial clients to acquire annual insurance policies without negatively impacting their cash flow.

This approach ensures that clients can benefit from comprehensive insurance coverage without the stress of upfront payments.

At Fulcrum Premium Finance, we offer a straightforward, secure, and cost-effective solution, significantly reducing administrative burdens.

Using state-of-the-art systems, our expert team ensures efficient management, allowing clients to mitigate risks effectively through insurance while maintaining healthy liquidity levels in their businesses.

What Are The Reasons To Choose Premium Finance?
What Are The Benefits Of Premium Financing For Brokers?

* Nominal Annual Compounded Monthly

How onerous is the process of setting up a
Premium Finance facility?

Once in receipt of an annual insurance quote, either the Client of the Broker may contact Fulcrum directly for a Premium Finance quotation.

* In line with the policy requirements

FREQUENTLY ASKED QUESTIONS

1Do you finance all types of cover?
We finance most short-term insurance covers, with each transaction assessed for creditworthiness. Our relationships with major insurers and underwriting managers support this process.
2When will my first repayment be collected?
Your first instalment is due based on the inception date of your insurance policy. It will be collected when we activate the loan.
3Where can I get the VAT invoice to claim VAT upfront?
From your insurance broker as VAT is charged by the Insurer. (VAT Credit Input can only be claimed after payment has been received by the insurer in full).
4Are there any penalties if I cancel during the year?
No, we claim the pro rata portion of the unexpired premium directly from the insurers to settle the balance of the loan.
5If I reduce my premiums, will my instalments also reduce?
As with any annual insurance policy, any reduction in cover would necessitate a refund from the insurer in question. As such, your loan agreement will be adjusted by way of a credit endorsement in accordance with your insurance policies, and should your cover reduce, so would your repayments. Upon receipt of the refund from the insurer, your loan will be adjusted accordingly.
6What if I add a vehicle or other assets during the year? Can I finance that too?
Yes, additional assets like vehicles added during the year can be financed. Any increase in your loan due to such additions will be spread over the remaining insurance period for easier management.
7Do you only offer finance over 12 months?
No, we can offer finance over any term. The shorter the term, the better the rates offered. We typically finance our clients over 6, 8, 10 and 12 months, depending on our client’s cash flow requirements.
8How onerous is the process of setting up a Premium Finance facility?
Once receiving an annual insurance quote, the Client or the Broker may contact Fulcrum directly for a Premium Finance quotation.